If I know you are good for it I'll work with you. I aint gonna downgrade your debt just because your wife wants a new swimming pool and you don't want to borrow money to build it. Even though at the moment you owe me 14 trillion.
Scare tactics and demagoguery at its worst. Even if the debt ceiling weren't raised, Obama and Geithner could prioritize a list of items to spend using available funds. Because SS is funded via payroll taxes and has a trust fund (even if it's "funny money"), this should be one of the top priorities. If he decided to delay SS checks, that would be his own choice for purely political reasons. I certainly hope that wouldn't happen....
There is already a procedure hierarchy in place - Debt is serviced first, then Social Security checks, on and on. Geithner needs to go; he is really too partisan for a Treasurer.
well, on this site, most posters don't work for anyone, but I'm pretty sure if we defaulted on Aug 3, most employees would show up for work and get paid on Friday. Bout the only ones you can put the screw on is SSI recipients.
If Hillary had been elected, you would be looking at Dem control of all three branches and Repubs staring at extinction. IMO, Hillary would have exhibited much greater control over the legislative process: HealthCare would have been a bit more modest and in fact would have garnered some Repub support, the Dems would not have gone 800 plus days without a budget, the class warfare, the idiotic Green policies, etc. etc. Well, Bill tried to warn us, but they cried 'racist'.
Agreed, a failure in pretty much every endeavor. Watching his testimony to the senate banking committee is classic viewing though! Got me through a few slow days when I needed a chuckle Unfortunately I wouldn't let him pick a mutual fund for me, let alone make him my head fiscal policy advisor. Guy could fuck up a cup of coffee...
before one buys gold one should throw $500 to buy a gun and some ammo. no one knows how chaotic aug 3rd and follow up can be. if it is higher interest rates then housing crash II is just around the corner which also mean DEPRESSION as this time other sectors will also be hit. will it turn into a class war or civil war of sorts Dems vrs GOPs. mind one thing, when Dems get angry they really bash some good bone and flesh so RATS should also get some padding upfront. ps: RATS Republicans are traitors!
A very logical explanation of what is at stake. I especially appreciated the reference to the Constitution, which is what this is all about, proper representation. The democrats somehow have forgotten this key point.
The President has been inciting class warfare since he took office and that is a fact. And he's stupid enough to piss all over business when he needs them to hire - his political future depends on it. If Hillary had been the nominee, Repubs would be facing extinction right now. Thanks, Hollywood ! Thanks, SEIU !
Say what you want about Hillary, but that Secretary of State must be a tough job. Once they get into it they forget if they are democrats or republicans. I think it was Hillary (along with Gates) who said the greatest threat to U.S. world domination was our debt. Doesn't do much for me though, because I don't want to dominate anybody. I haven't checked lately, how's Switzerland doing? And what's the big deal with CHF?